LiquidationHeatmap
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Bitcoin Makes a U-Turn and the Market Sees Million-Million Dollar Liquidation
(Wed 03 July 2024)
In the crypto market, over the past 24 hours, we've seen a bearish momentum sweeping through the market. Altcoins and memecoins have taken a hit, largely driven by a sharp decline in Bitcoin's (BTC) value.
Bitcoin $BTC , which had recently been hovering around the $63,000 mark, has dropped by 3.59%, bringing its current price down to $60,760. This sudden dip has had a ripple effect across the crypto market.
According to data from Coinglass, Bitcoin experienced $34.7 million worth of liquidations in the last 24 hours. The total market liquidations reached a staggering $123 million. Most of these liquidations were long positions, meaning investors were betting on prices to rise but were caught off guard by the sudden downturn.
This surge in liquidations highlights the inherent volatility of the cryptocurrency market.
To get full updates visit us at : https://coinsprobe.com/news/
#Bitcoin❗ #IntroToCopytrading #LiquidationHeatmap
In the crypto market, over the past 24 hours, we've seen a bearish momentum sweeping through the market. Altcoins and memecoins have taken a hit, largely driven by a sharp decline in Bitcoin's (BTC) value.
Bitcoin $BTC , which had recently been hovering around the $63,000 mark, has dropped by 3.59%, bringing its current price down to $60,760. This sudden dip has had a ripple effect across the crypto market.
According to data from Coinglass, Bitcoin experienced $34.7 million worth of liquidations in the last 24 hours. The total market liquidations reached a staggering $123 million. Most of these liquidations were long positions, meaning investors were betting on prices to rise but were caught off guard by the sudden downturn.
This surge in liquidations highlights the inherent volatility of the cryptocurrency market.
To get full updates visit us at : https://coinsprobe.com/news/
#Bitcoin❗ #IntroToCopytrading #LiquidationHeatmap
Bitcoin Update:
This liquidation map shows areas with higher concentrations of orders around $60.8K and $62.4K.
The current price sits between these zones. If the price gets close to either of these levels, it could be a sign of traders trying to quickly buy or sell large amounts of Bitcoin.
There's still a larger concentration of orders at higher prices.
#BTC☀ #LiquidationHeatmap
This liquidation map shows areas with higher concentrations of orders around $60.8K and $62.4K.
The current price sits between these zones. If the price gets close to either of these levels, it could be a sign of traders trying to quickly buy or sell large amounts of Bitcoin.
There's still a larger concentration of orders at higher prices.
#BTC☀ #LiquidationHeatmap
#Bitcoin liquidation heat map: Over the last day, we took out a bit of downside liquidity with a short-term pullback caused by recent news. However, suppose we zoom out to a slightly larger timeframe on the liquidation map. In that case, we can still see a lot of liquidity to the upside, mainly sitting at around $70.7K and going up towards approximately $71,000. Since the short-term pullback over the last day, many new short positions have opened up, with a liquidation price around $71,000. This means it is quite likely that the price could return to those levels sometime soon. Once the price eventually crosses above $71,000 again, it will liquidate hundreds of millions of dollars in short positions, potentially causing a short squeeze to the upside.
#Crypto #LiquidationHeatmap
#Crypto #LiquidationHeatmap
#btc #LiquidationHeatmap
Expecting btc to drop down 66500~ zone ($440M liquidation)
First it will go down 68.000~ ($377M liq)
68.000 zone will propably resist but be careful.
Expecting btc to drop down 66500~ zone ($440M liquidation)
First it will go down 68.000~ ($377M liq)
68.000 zone will propably resist but be careful.
